UGL Limited has announced that its property services businesses, comprised of UGL Services (including the Unicco, Equis and Premas operations) and DTZ, will be united under a single global brand.
Since 5 December 2011, when UGL acquired the trading operations of global real estate services company DTZ Holdings, the two companies have co-branded as UGL Services and DTZ.
By combining the DTZ name with UGL’s corporate identity, the new brand captures the endorsement of UGL’s financial strength and reflects the company’s leading expertise in integrated facilities management, said Richard Leupen, UGL’s managing director and CEO.
The rebranding of UGL’s property services business will result in a one-off charge during the 2013 financial year of approximately $37m, representing the carrying value of the acquired heritage brands of Unicco, Equis and Premas, in addition to the costs associated with the implementation of a comprehensive global re-branding program.
